2023 Mortgage-Free Wannabes

ElmoR

Number 45 coming in from the wilderness for a quick update...

£300 for March, and another £300 for April.

Thanks julicorn

Mortgage_Minimiser

#13 skulking back in...... have been making minimum OPS but not updating 

So for ease please add a payment of £653.58 for May please @julicorn

I will try to do better !


Thanks very much

MM
X

JohnTheSkier

#61 making a rare appearance - please could you log £50 for May.

In better news, I expect to be able to overpay a bit more frequently and in larger amounts from July.

Shal1160

Hi all
£3000 o/p for #36, totalling £3131.16 o/p for May. Juliecorn, please could I update my target for 2023 to £4500? Thank you!

Merrylegs1

Hi,

Sorry it’s been a while but….#17 with a £4000 overpayment for May. 

thanks Julicorn
Merry

GeorgianaCavendish

#75 adding £86.71 for May 2023

YTD = £433.55

Moneyminded

#15 here, made another OP today of £418.13 making my May total now £428.96 

Many thanks for updating Julicorn

Simobla1

Hi there - New forum member here and would like to join the 2023 challenge to keep me on the 'straight and narrow'.  I realise I'm joining part-way through the year, but hopefully I'll be allowed?.

I recently paid off my Help to Buy Loan and re-fixed my mortgage.  I'm on a 5 year fixed term of 3.94%. 

I've just finished running a few estimations:  The mortgage is for 22 years, and if I made ZERO additional payments I would pay it off in 21.5 years / 256 months.  However, I plan on making overpayments each month and this way I will pay it off in 11 year / 132 months, saving £34,419 in interest.

I made my first overpayment today of £659.

Simobla1

Apologies, me again - My target for this calendar year is to make £5,000 in overpayments.

julicorn

Simobla1 said:

Hi there - New forum member here and would like to join the 2023 challenge to keep me on the 'straight and narrow'.  I realise I'm joining part-way through the year, but hopefully I'll be allowed?.

I recently paid off my Help to Buy Loan and re-fixed my mortgage.  I'm on a 5 year fixed term of 3.94%. 

I've just finished running a few estimations:  The mortgage is for 22 years, and if I made ZERO additional payments I would pay it off in 21.5 years / 256 months.  However, I plan on making overpayments each month and this way I will pay it off in 11 year / 132 months, saving £34,419 in interest.

I made my first overpayment today of £659.

Very much allowed!  Your number is #56, welcome on board